Tag: Banking and credit
Lebanon grants limited access to bank deposits amid crisis
BEIRUT — Lebanon’s central bank said Tuesday that depositors will be allowed to withdraw limited monthly amounts from their foreign currency accounts, nearly 20...
This Week: Consumer credit, GameStop earns, consumer prices
A look at some of the key business events and economic indicators upcoming this week:
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France opens graft probe into Lebanon’s central bank chief
PARIS — The French national financial prosecutor’s office has opened a preliminary investigation into the actions of Lebanon’s central bank governor involving potential money...
Fed chief Powell: Climate policy is for elected officials
FRANKFURT, Germany — Federal Reserve Chair Jerome Powell says the central bank can help assess risks to banks from climate change but that addressing...
Turkish lira dips to record low over Erdogan rate comments
ANKARA, Turkey — The Turkish lira dipped to new record lows on Wednesday after President Recep Tayyip Erdogan rattled investor confidence by saying he...
Federal Reserve survey sees economy growing at faster pace
WASHINGTON — The U.S. economy grew at a somewhat faster pace in April and May despite disruptions that choked supplies to the nations manufacturers,...
China’s central bank tries to stop surge in currency’s value
BEIJING — China’s central bank is trying to restrain the surging exchange rate of its currency, temporarily backtracking in efforts to make the tightly...
World Bank: Lebanon’s crisis among world’s worst since 1850s
BEIRUT — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world has seen in more than...
Eurozone inflation rebounds to 2.0% on higher energy prices
FRANKFURT, Germany — Eurozone inflation rose to 2.0% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued....
Bank of Italy forecasts 4% GDP growth in 2021
MILAN — The head of Italy’s central bank said Monday the eurozone’s third-largest economy could grow 4% this year, after shedding 9% during the...
